NORDIC AMERICAN TANKERS LTD (NAT)
BMG657731060 - Common Stock
Overall NAT gets a fundamental rating of 6 out of 10. We evaluated NAT against 213 industry peers in the Oil, Gas & Consumable Fuels industry. While NAT has a great profitability rating, there are some minor concerns on its financial health. NAT scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year NAT was profitable.
NAT had a positive operating cash flow in the past year.
In multiple years NAT reported negative net income over the last 5 years.
NAT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
NAT has a better Return On Assets (11.23%) than 69.34% of its industry peers.
NAT has a Return On Equity (18.33%) which is in line with its industry peers.
The Return On Invested Capital of NAT (12.49%) is better than 66.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.23% | ||
| ROE | 18.33% | ||
| ROIC | 12.49% |
ROA(3y)-2.39%
ROA(5y)-0.61%
ROE(3y)-4.42%
ROE(5y)-1.33%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of NAT (37.64%) is better than 80.66% of its industry peers.
In the last couple of years the Profit Margin of NAT has grown nicely.
With an excellent Operating Margin value of 48.77%, NAT belongs to the best of the industry, outperforming 83.49% of the companies in the same industry.
In the last couple of years the Operating Margin of NAT has grown nicely.
NAT has a better Gross Margin (77.11%) than 84.43% of its industry peers.
NAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 48.77% | ||
| PM (TTM) | 37.64% | ||
| GM | 77.11% |
OM growth 3Y28.67%
OM growth 5YN/A
PM growth 3Y38.73%
PM growth 5YN/A
GM growth 3Y17.96%
GM growth 5Y17.01%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NAT is creating some value.
The number of shares outstanding for NAT remains at a similar level compared to 1 year ago.
The number of shares outstanding for NAT has been increased compared to 5 years ago.
The debt/assets ratio for NAT has been reduced compared to a year ago.
2.2 Solvency
NAT has a debt to FCF ratio of 4.59. This is a neutral value as NAT would need 4.59 years to pay back of all of its debts.
NAT's Debt to FCF ratio of 4.59 is in line compared to the rest of the industry. NAT outperforms 57.55% of its industry peers.
NAT has a Debt/Equity ratio of 0.50. This is a neutral value indicating NAT is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.50, NAT is in line with its industry, outperforming 48.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | N/A |
ROIC/WACC1.6
WACC7.8%
2.3 Liquidity
A Current Ratio of 1.55 indicates that NAT should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.55, NAT is doing good in the industry, outperforming 66.98% of the companies in the same industry.
NAT has a Quick Ratio of 1.10. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
NAT has a Quick ratio of 1.10. This is comparable to the rest of the industry: NAT outperforms 56.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
NAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 683.33%, which is quite impressive.
NAT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.40% yearly.
NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.73%.
The Revenue has been growing by 16.15% on average over the past years. This is quite good.
EPS 1Y (TTM)683.33%
EPS 3Y11.4%
EPS 5YN/A
EPS growth Q2Q-52.94%
Revenue 1Y (TTM)-22.73%
Revenue growth 3Y-9.58%
Revenue growth 5Y16.15%
Revenue growth Q2Q-75.47%
3.2 Future
NAT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.87% yearly.
NAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.26% yearly.
EPS Next Y33.45%
EPS Next 2Y21.99%
EPS Next 3Y13.87%
EPS Next 5YN/A
Revenue Next Year21.33%
Revenue Next 2Y12.62%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.09, the valuation of NAT can be described as very reasonable.
69.34% of the companies in the same industry are more expensive than NAT, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 24.76, NAT is valued rather cheaply.
NAT is valuated cheaply with a Price/Forward Earnings ratio of 6.06.
Based on the Price/Forward Earnings ratio, NAT is valued cheaply inside the industry as 87.74% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.26, NAT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 6.06 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as NAT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.06 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
NAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NAT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as NAT's earnings are expected to grow with 13.87% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y21.99%
EPS Next 3Y13.87%
5. Dividend
5.1 Amount
NAT has a Yearly Dividend Yield of 11.56%, which is a nice return.
Compared to an average industry Dividend Yield of 5.80, NAT pays a better dividend. On top of this NAT pays more dividend than 92.92% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.56% |
5.2 History
The dividend of NAT is nicely growing with an annual growth rate of 43.90%!
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
NAT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)43.9%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
90.97% of the earnings are spent on dividend by NAT. This is not a sustainable payout ratio.
The dividend of NAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP90.97%
EPS Next 2Y21.99%
EPS Next 3Y13.87%
NORDIC AMERICAN TANKERS LTD
NYSE:NAT (4/19/2024, 7:06:00 PM)
After market: 3.83 +0.03 (+0.79%)3.8
+0.03 (+0.8%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap793.44M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.56% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 6.06 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.24
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.23% | ||
| ROE | 18.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 48.77% | ||
| PM (TTM) | 37.64% | ||
| GM | 77.11% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)683.33%
EPS 3Y11.4%
EPS 5Y
EPS growth Q2Q
EPS Next Y33.45%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-22.73%
Revenue growth 3Y-9.58%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y